Tullahoma USDA Loan Rates, Closing Costs & Stats
Tullahoma-Manchester, TN
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Tullahoma's 35 lenders originated 106 USDA loans during 2022. The total origination value was $21,980,000, with an average USDA loan value of $207,358.
Tullahoma USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Tullahoma
averaged
6.46%
for the week of 2023-09-22, compared to the national average (all USDA variants) of
7.021% for the same period.
Tullahoma's average USDA mortgage closing costs are $5,050.
The average rate for the prior week (2023-09-15) was
6.42% and
one month ago for the week of 2023-08-18, the
average rate was 6.62%.
The average rate one year ago was 5.45%.
For refis of the same type during the week of 2023-09-22, the average rate
was 6.11%.
Tullahoma USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.
The top Tullahoma USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with
21 USDA loans originated. Their average total fees are
$6,267, which is $1,119
higher than the next largest lender,
MORTGAGE INVESTORS GROUP, INC..
The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. ($5,147), FIRST COMMUNITY MORTGAGE, INC. ($6,267), .
The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are
FIRST COMMUNITY MORTGAGE, INC. (4.64%), MORTGAGE INVESTORS GROUP, INC. (5.38%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $249,950 (16.8%) | $370,871 (16.9%) | 0.00 | 342 |
2018-02-01 | $272,450 (32.9%) | $385,937 (22.8%) | 0.00 | 331 |
2018-03-01 | $274,750 (28.8%) | $384,268 (20.5%) | 0.00 | 336 |
2018-04-01 | $289,925 (31.8%) | $384,252 (16.0%) | 0.00 | 332 |
2018-05-01 | $299,900 (11.1%) | $396,499 (2.0%) | 0.00 | 334 |
2018-06-01 | $299,900 (13.4%) | $396,066 (3.7%) | 0.00 | 359 |
2018-07-01 | $292,200 (2.5%) | $395,178 (-0.1%) | 0.00 | 362 |
2018-08-01 | $283,049 (3.0%) | $385,262 (-0.1%) | 0.00 | 366 |
2018-09-01 | $269,000 (1.6%) | $368,219 (-2.3%) | 0.00 | 373 |
2018-10-01 | $273,625 (2.3%) | $372,428 (-1.9%) | 0.00 | 375 |
2018-11-01 | $269,000 (7.7%) | $362,137 (-2.7%) | 0.00 | 373 |
2018-12-01 | $256,900 (0.8%) | $341,789 (-9.8%) | 0.00 | 366 |
2019-01-01 | $256,900 (2.8%) | $339,904 (-8.4%) | 0.00 | 344 |
2019-02-01 | $259,925 (-4.6%) | $347,394 (-10.0%) | 0.00 | 346 |
2019-03-01 | $276,329 (0.6%) | $365,505 (-4.9%) | 0.00 | 320 |
2019-04-01 | $282,829 (-2.5%) | $376,483 (-2.0%) | 0.00 | 300 |
2019-05-01 | $302,425 (0.8%) | $389,545 (-1.8%) | 0.00 | 315 |
2019-06-01 | $294,900 (-1.7%) | $378,517 (-4.4%) | 0.00 | 334 |
2019-07-01 | $298,450 (2.1%) | $398,529 (0.9%) | 0.00 | 341 |
2019-08-01 | $294,109 (3.9%) | $396,035 (2.8%) | 0.00 | 344 |
2019-09-01 | $288,423 (7.2%) | $396,558 (7.7%) | 0.00 | 357 |
2019-10-01 | $284,250 (3.9%) | $396,907 (6.6%) | 0.00 | 365 |
2019-11-01 | $269,250 (0.1%) | $390,251 (7.8%) | 0.00 | 349 |
2019-12-01 | $259,900 (1.2%) | $368,098 (7.7%) | 0.00 | 343 |
2020-01-01 | $256,900 (0.0%) | $366,151 (7.7%) | 0.00 | 317 |
2020-02-01 | $258,750 (-0.5%) | $360,313 (3.7%) | 0.00 | 302 |
2020-03-01 | $286,175 (3.6%) | $385,580 (5.5%) | 0.00 | 286 |
2020-04-01 | $279,900 (-1.0%) | $379,841 (0.9%) | 0.00 | 284 |
2020-05-01 | $306,990 (1.5%) | $403,399 (3.6%) | 0.00 | 255 |
2020-06-01 | $319,900 (8.5%) | $404,821 (7.0%) | 0.00 | 217 |
2020-07-01 | $316,950 (6.2%) | $394,084 (-1.1%) | 0.00 | 201 |
2020-08-01 | $329,900 (12.2%) | $402,355 (1.6%) | 0.00 | 178 |
2020-09-01 | $309,475 (7.3%) | $407,296 (2.7%) | 0.00 | 151 |
2020-10-01 | $314,500 (10.6%) | $415,086 (4.6%) | 0.00 | 149 |
2020-11-01 | $295,000 (9.6%) | $424,355 (8.7%) | 0.00 | 140 |
2020-12-01 | $279,900 (7.7%) | $403,655 (9.7%) | 0.00 | 139 |
2021-01-01 | $264,900 (3.1%) | $382,155 (4.4%) | 0.00 | 135 |
2021-02-01 | $289,900 (12.0%) | $398,589 (10.6%) | 0.00 | 119 |
2021-03-01 | $292,900 (2.4%) | $414,630 (7.5%) | 0.00 | 107 |
2021-04-01 | $346,200 (23.7%) | $492,240 (29.6%) | 0.00 | 100 |
2021-05-01 | $409,900 (33.5%) | $478,188 (18.5%) | 0.00 | 117 |
2021-06-01 | $382,425 (19.6%) | $515,365 (27.3%) | 0.00 | 119 |
2021-07-01 | $369,400 (16.6%) | $497,886 (26.3%) | 0.00 | 148 |
2021-08-01 | $382,450 (15.9%) | $505,060 (25.5%) | 0.00 | 171 |
2021-09-01 | $386,975 (25.0%) | $511,253 (25.5%) | 0.00 | 186 |
2021-10-01 | $379,900 (20.8%) | $552,163 (33.0%) | 0.00 | 175 |
2021-11-01 | $391,825 (32.8%) | $570,072 (34.3%) | 0.00 | 179 |
2021-12-01 | $374,900 (33.9%) | $568,561 (40.9%) | 0.00 | 160 |
2022-01-01 | $374,900 (41.5%) | $560,458 (46.7%) | 0.00 | 135 |
2022-02-01 | $394,625 (36.1%) | $570,936 (43.2%) | 0.00 | 132 |
2022-03-01 | $378,450 (29.2%) | $581,664 (40.3%) | 0.00 | 148 |
2022-04-01 | $429,000 (23.9%) | $572,595 (16.3%) | 0.00 | 177 |
2022-05-01 | $432,400 (5.5%) | $601,859 (25.9%) | 0.00 | 219 |
2022-06-01 | $449,900 (17.6%) | $598,719 (16.2%) | 0.00 | 276 |
2022-07-01 | $446,700 (20.9%) | $587,947 (18.1%) | 0.00 | 319 |
2022-08-01 | $457,400 (19.6%) | $606,590 (20.1%) | 0.00 | 345 |
2022-09-01 | $468,700 (21.1%) | $638,291 (24.9%) | 0.00 | 349 |
2022-10-01 | $399,900 (5.3%) | $584,904 (5.9%) | 0.00 | 421 |
2022-11-01 | $399,900 (2.1%) | $567,578 (-0.4%) | 0.00 | 419 |
2022-12-01 | $399,900 (6.7%) | $570,546 (0.4%) | 0.00 | 397 |
2023-01-01 | $384,925 (2.7%) | $569,514 (1.6%) | 0.00 | 378 |
2023-02-01 | $384,950 (-2.5%) | $580,838 (1.7%) | 0.00 | 351 |
2023-03-01 | $389,675 (3.0%) | $583,695 (0.4%) | 0.00 | 349 |
2023-04-01 | $479,900 (11.9%) | $636,215 (11.1%) | 0.00 | 327 |
2023-05-01 | $479,900 (11.0%) | $622,138 (3.4%) | 0.00 | 351 |
2023-06-01 | $479,450 (6.6%) | $610,798 (2.0%) | 0.00 | 384 |
2023-07-01 | $474,900 (6.3%) | $584,930 (-0.5%) | 0.00 | 360 |
2023-08-01 | $456,675 (-0.2%) | $574,452 (-5.3%) | 0.00 | 374 |
Tullahoma's median listing price comes in at 0% of the national average.
Tullahoma's average listing price for 2023-08-01 was $574,452, a difference of $-32,138 (-5.3%) versus the prior year and $-10,478 versus the prior month.
For the 2023-08-01 period, Tullahoma had 374 MLS listings, a difference of 14 listings (4%) versus the prior month and 29 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,220 sqft |
2018-02-01 | 0 days | 2,289 sqft |
2018-03-01 | 0 days | 2,279 sqft |
2018-04-01 | 0 days | 2,297 sqft |
2018-05-01 | 0 days | 2,420 sqft |
2018-06-01 | 0 days | 2,421 sqft |
2018-07-01 | 0 days | 2,421 sqft |
2018-08-01 | 0 days | 2,312 sqft |
2018-09-01 | 0 days | 2,280 sqft |
2018-10-01 | 0 days | 2,242 sqft |
2018-11-01 | 0 days | 2,257 sqft |
2018-12-01 | 0 days | 2,154 sqft |
2019-01-01 | 0 days | 2,156 sqft |
2019-02-01 | 0 days | 2,183 sqft |
2019-03-01 | 0 days | 2,274 sqft |
2019-04-01 | 0 days | 2,380 sqft |
2019-05-01 | 0 days | 2,454 sqft |
2019-06-01 | 0 days | 2,400 sqft |
2019-07-01 | 0 days | 2,405 sqft |
2019-08-01 | 0 days | 2,345 sqft |
2019-09-01 | 0 days | 2,295 sqft |
2019-10-01 | 0 days | 2,262 sqft |
2019-11-01 | 0 days | 2,235 sqft |
2019-12-01 | 0 days | 2,109 sqft |
2020-01-01 | 0 days | 2,088 sqft |
2020-02-01 | 0 days | 2,061 sqft |
2020-03-01 | 0 days | 2,220 sqft |
2020-04-01 | 0 days | 2,200 sqft |
2020-05-01 | 0 days | 2,269 sqft |
2020-06-01 | 0 days | 2,286 sqft |
2020-07-01 | 0 days | 2,259 sqft |
2020-08-01 | 0 days | 2,226 sqft |
2020-09-01 | 0 days | 2,166 sqft |
2020-10-01 | 0 days | 2,181 sqft |
2020-11-01 | 0 days | 2,099 sqft |
2020-12-01 | 0 days | 1,988 sqft |
2021-01-01 | 0 days | 1,938 sqft |
2021-02-01 | 0 days | 1,920 sqft |
2021-03-01 | 0 days | 1,859 sqft |
2021-04-01 | 0 days | 1,894 sqft |
2021-05-01 | 0 days | 1,915 sqft |
2021-06-01 | 0 days | 1,987 sqft |
2021-07-01 | 0 days | 1,959 sqft |
2021-08-01 | 0 days | 2,057 sqft |
2021-09-01 | 0 days | 2,080 sqft |
2021-10-01 | 0 days | 2,188 sqft |
2021-11-01 | 0 days | 2,169 sqft |
2021-12-01 | 0 days | 2,072 sqft |
2022-01-01 | 0 days | 2,019 sqft |
2022-02-01 | 0 days | 2,030 sqft |
2022-03-01 | 0 days | 2,001 sqft |
2022-04-01 | 0 days | 2,037 sqft |
2022-05-01 | 0 days | 2,118 sqft |
2022-06-01 | 0 days | 2,221 sqft |
2022-07-01 | 0 days | 2,187 sqft |
2022-08-01 | 0 days | 2,090 sqft |
2022-09-01 | 0 days | 2,121 sqft |
2022-10-01 | 0 days | 2,010 sqft |
2022-11-01 | 0 days | 2,002 sqft |
2022-12-01 | 0 days | 1,968 sqft |
2023-01-01 | 0 days | 1,972 sqft |
2023-02-01 | 0 days | 1,928 sqft |
2023-03-01 | 0 days | 1,947 sqft |
2023-04-01 | 0 days | 2,121 sqft |
2023-05-01 | 0 days | 2,169 sqft |
2023-06-01 | 0 days | 2,200 sqft |
2023-07-01 | 0 days | 2,214 sqft |
2023-08-01 | 0 days | 2,159 sqft |
Tullahoma's median square footage for active listings during the 2023-08-01 period was 2,159 sqft. One year prior, the average listing was 2,090 sqft.